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the european monetary union, not with less number of members. so certainly not before the german election in september. >> but isn't it -- even though she does not want to do that, in the near term, she has an election to run. an election coming up. and apparently striking this hard line to turn to the germans and say, look, we didn't fund this rescue, this bailout of the russian mafia or something. >> it's true. it's having the intentions first of all to come out as fair, not to put german taxpayers money on before you do a bailin. but at the same time, and more importantly, she wants to keep the euro area safe. it's the crisis in which one country leaves the monetary union is one of her premises and one of her premises of the campaign is to elect strengthening, blowing up for crisis in cyprus will not be helpful to her. there were many mistakes in retrospect. you could say the same for greece, as well. but, you know, it's -- one issue that will be critical is they would not compromise on money laundering issues. they might come mize a little bit here and there on money, but they will no
think a government without another election is possible, they can bring together a coalition at the moment without an election? >> well, it really sdpents who they're going to be, the ministers, who are you going to support from outside the government. there are lots of -- three or four different -- >> permutations. >> exactly. we'll see. if not, we have to come back to general elections. >> okay. and how would investors view the prospects of -- >> general elections? >> general elections. >> we're going to drop probably another 70 basis points, we'll go back to 330, 350. >> that's manageable. >> well, it's where -- it's well manageable because we've already seen it. we are not going to come back to 7% or on 8%. >> good to see you. thanks for joining us. >> thank you very much. >> we'll take a short break. still to come, plenty more on cyprus. let's remind you of where futures are ahead of the wall street open a little later today. "worldwide exchange" continues after the break. >>> you're watching "worldwide exchange." these are the headlines today from around the world. a re
rudd with a napped ballot for the party leadership resulting in prime minister gillard being re-elected uncontested. she had lost the support of her party. rudd backer and simon crane today urged the prmt to conduct a leadership ballot and one was held just hours later. the big twist, kevin rudd deciding not to challenge the prime minister for the leadership, but gillard and her deputy, the treasurer wayne swan was reappointed to their respective positions unopposed. prime minister julia gillard says today's vote now settles the question o leadership once and for all. >> today, the leadership of our political party, the labor party, has been settled and settled in the most conclusive fashion possible. the whole business is completely at an end. it has ended now. >> australian prime minister julia gillard. the countdown now resumes to the federal election which will take place on december the 14th. if current polls are to be believed, julia gillard will lose in a landslide defight to the right leaning liberal party tony abbot. that's the late freft sydney. back over to you. >> and we'll
after last month's elections left the country mired in a dead lock. plus, the latest fallout from cypress. we'll be right back. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back to "worldwide exchange." sylvia berlusconi has threatened a wave of protests if the central left candidate becomes the next italian president. this comes as the current preside
-mail during an election campaign. now the government is trying to change that and they're willing to change i think. >> we will have to leave it there. breaking data coming up. fascinating point about the yen how stronger yen helps if you're the buyer of some of these companies. thank you very much, sir. >>> the data is out as we wait from the u.k. today is a huge day in britain. we have the budget. government under pressure because they haven't met the targets they initially laid out. still the economy on the employment side holding up reasonably well. the question is whether that has continue. we'll see if we get unemployment figures out here in a second. from looking at the bank of england minutes there was a 9-0 vote to keep rates unchanged. 6-3 vote to keep the program at the current size. again, governor king, fisher and miles wanted a $25 billion extension to the quantitative easing program. king outvoted yet again. let me see if i get the employment data up for you here. it looks like the three-month average hourly earnings including bonuses for britain here are at the lowest in three
Search Results 0 to 4 of about 5